HCM Talent Technology Roundup Feb 12, 2021

HCM Talent Technology Roundup Feb 12, 2021

Press play to listen to the latest news in TA and HR Technology!

Job.com Acquires Blockchain Firm to Expand Platform’s Capabilities.

Job.com acquired Talenting, saying its end-to-end blockchain technology will expand the reach and capabilities of the Job.com platform. The acquisition will make the site one of the leading storage solutions for “a global cache” of career data, the company said.

The acquisition will lead to new infrastructure and intellectual property development that will simplify and secure the process of accessing and sharing candidate data and evaluating employee viability.

“Blockchain has always been a part of the Job.com vision, and adding Talenting to our roster will greatly expand our abilities from end-to-end,” said Job.com co-founder Arran Stewart.

New Tech Tools, Features, and Integrations

Paradox launched new video products to streamline virtual recruiting and create a more engaging multimedia experience. The features extend across the company’s products, allowing customers to apply them in a variety of circumstances without requiring additional purchases.

They enable sharing video within chats, facilitating offline video interviews and improving the experience for live video interviews.

Hiretual launched Scholar Sourcing and G-Suite integrations. Scholar Sourcing helps recruiters in industries like biotechnology and pharmaceuticals to find talent with research experience from platforms like Google Scholar, ResearchGate and Microsoft Academics.

They can search a pool of 113 million profiles with filters for areas such as publications and patents, conferences and journals, research fields and topics. With Gmail Assistant, recruiters can access Hiretual email templates and sequences, track email opens and clicks, and set reminders for candidate conversations directly on Gmail.

Eightfold AI added a new module, Career Hub, to its talent management platform. The product is designed to give both HR and employees more flexibility in their approach to development by providing intelligence and advice within a single platform.

To accomplish this, the platform leverages AI, multiple data sources, and matching algorithms in a comprehensive user experience. Eightfold’s underlying global data helps the system consider the availability, maturity, relevance, learnability, and evolution of skills in the global market. Which in turn, helps companies to be specific with their upskilling and reskilling programs the company said.

The Career Hub is available in 15 languages and can address the needs of both full-time and contingent workers.

Talent mobility platform Topia announced new features for its Compass and Plan solutions to help companies become more agile and deliver an improved employee experience.

Topia Compass now offers real-time solutions that reduce costs while maintaining tax and legal compliance, including city-specific location monitoring and pre-travel assessments that detect and alert of any travel that may require immigration, social security or posted worker documentation.

Topia Plan added a Rapid Cost Simulation module to help managers see the impact of deploying talent on a permanent or temporary basis under various scenarios, while Compensation Worksheets helps HR calculate, update and communicate compensation in an app-based experience.  

Cultivate announced the Cultivate Culture Report, a new feature that measures different areas of company culture and correlates them to success metrics such as engagement, retention or revenue.

The feature uses AI and natural language processing to map out an organization’s digital behaviors and culture so that leaders can evaluate and modify them, if necessary.

The report also offers a customized action plan to help organizations capitalize on their strengths or remedy their weaknesses.

Funding

WizeHire, a hiring solution for small businesses, closed $7.5 million in Series A funding in a round led by Amplo and Mercury. Additional investors include existing backers Ruchit Shah and RigUp co-founder Sandeep Jain.

The company said more than 7,000 businesses have used its products, and that it recorded $4.7 million in run-rate during 2020.

Upkey, a Chicago startup offering students free online career tools, closed $2.6 million in seed funding in a round led by S3 Ventures. The money will be used to grow Upkey’s operations so they can serve more students and give companies access to a bigger pipeline of talent.

Upkey plans to open a second office in Austin, Texas.

Authors

Mark Feffer

Mark Feffer is executive editor of RecruitingDaily and the HCM Technology Report. He’s written for TechTarget, HR Magazine, SHRM, Dice Insights, TLNT.com and TalentCulture, as well as Dow Jones, Bloomberg and Staffing Industry Analysts. He likes schnauzers, sailing and Kentucky-distilled beverages.